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dougSF30

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dougSF30

Re: sgolds post# 19619

Thursday, 12/04/2003 4:19:36 PM

Thursday, December 04, 2003 4:19:36 PM

Post# of 97586
sgolds, The retracement support points came directly from this book.

Don't believe everything you read. Especially assertions that are not backed up. Doesn't it strike you the least bit odd that these magic numbers would be support points? Why 67%? Why not 69%? Why not 58%? Does your book attempt to explain this? Does it PROVE its assertion? If not, why do you believe it? Because it was printed in a book? Sounds like religion, not science. :)

how do you account for the eratic movements if not for human psychology?

1) When did I say psychology played no role? Part of the random walk...

2) There's a difference between something having an influence, and being able to predictively model that influence into the *future* with any skill.

Doug
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